Major Rating Factors:
Good long-term capitalization index (5.8 on a scale of 0 to 10) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Fair overall results on stability tests (4.8) including fair risk adjusted capital in prior years. Ample reserve history (9.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.5) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.8%. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL, IL, LA, MO, MS, TX
Principal Investments:
Investment grade bonds (59.3%), cash (10.7%), common stock (6.0%), other (23.9%)
Corporate Info
Group Affiliation
Prospect Capital Management LP
Investment Rating
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Company Address
420 Liberty Park Court
Flowood, MS 39232
Flowood, MS 39232
Phone Number
(601) 992-6886
NAIC Number
10170
Website
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